0001209191-21-023647.txt : 20210330
0001209191-21-023647.hdr.sgml : 20210330
20210330200916
ACCESSION NUMBER: 0001209191-21-023647
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210326
FILED AS OF DATE: 20210330
DATE AS OF CHANGE: 20210330
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Mehta Vikas
CENTRAL INDEX KEY: 0001852328
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40256
FILM NUMBER: 21789229
MAIL ADDRESS:
STREET 1: C/O ACV AUCTIONS INC.
STREET 2: 640 ELLICOTT STREET, #321
CITY: BUFFALO
STATE: NY
ZIP: 14203
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ACV Auctions Inc.
CENTRAL INDEX KEY: 0001637873
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389]
IRS NUMBER: 472415221
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 640 ELLICOTT STREET
CITY: BUFFALO
STATE: NY
ZIP: 14203
BUSINESS PHONE: 585-317-0406
MAIL ADDRESS:
STREET 1: 640 ELLICOTT STREET
CITY: BUFFALO
STATE: NY
ZIP: 14203
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-03-26
0
0001637873
ACV Auctions Inc.
ACVA
0001852328
Mehta Vikas
C/O ACV AUCTIONS INC.
640 ELLICOTT STREET, #321
BUFFALO
NY
14203
0
1
0
0
Chief Operating Officer
Common Stock
2021-03-26
4
J
0
533853
D
0
D
Class B Common Stock
2021-03-26
4
J
0
533853
0.00
A
Class A Common Stock
533853
533853
D
Series D Preferred
2021-03-26
4
C
0
106333
0.00
D
Class B Common Stock
106333
0
D
Class B Common Stock
2021-03-26
4
J
0
106333
0.00
A
Class A Common Stock
106333
640186
D
Employee Stock Option (right to buy)
2.00
2021-03-26
4
J
0
491146
0.00
D
2029-03-05
Common Stock
491146
0
D
Employee Stock Option (right to buy)
2.00
2021-03-26
4
J
0
491146
0.00
A
2029-03-05
Class B Common Stock
491146
491146
D
Restricted Stock Units
2021-03-26
4
J
0
371247
0.00
D
Common Stock
371247
0
D
Restricted Stock Units
2021-03-26
4
J
0
371247
0.00
A
Class B Common Stock
371247
371247
D
Immediately prior to the closing of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7.
Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock. Each share of Class B Common Stock will convert automatically into shares of Class A common stock, on a one-to-one basis, upon the following: (1) the sale or transfer of such share of Class B Common Stock, subject to certain exceptions specified in the Issuer's amended and restated certificate of incorporation; (2) the death of the Reporting Person; and (3) the final conversion date, defined as the earlier of (a) the first trading day on or after the date on which the outstanding shares of Class B Common Stock represent less than 5.0% of the Issuer's then-outstanding Class A and Class B Common Stock; (b) the tenth anniversary of this offering; or (c) the date specified by vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.
Each share of Series D Preferred Stock automatically converted into Common Stock on a 1:1 basis and were reclassified into shares of Series B Common Stock on a 1:1 basis immediately prior to the closing of the Issuer's initial public offering.
One-fourth (1/4th) of the shares subject to the option award vested on January 22, 2020, and thereafter one-forty-eighth of the shares subject to the option award vest monthly, subject to the Reporting Person's continuous service.
Each restricted stock unit ("RSU") represents a contingent right to receive one share of Issuer Common Stock.
The RSUs vest with respect to one-sixteenth of the RSUs each quarter over a four-year period beginning on April 1, 2021, subject to the Reporting Person's continuous service.
Each RSU represents a contingent right to receive one share of Issuer Class B Common Stock.
/s/ Jason Minio, Attorney-in-Fact
2021-03-30